Conventional loan with seller financed properties

[David Rutledge]

Good afternoon,

I am a relatively new investor with a total of 5 properties. Last summer I purchased two seller financed properties in addition to the 3 properties I own with conventional financing.

I currently do not own a primary residence. I recently got engaged to my girlfriend and we are planning to buy our own home in the nest year or so. I know how detailed and prepared you need to be in order to qualify for a loan so I am proactively trying to get my ducks in a row before the time comes to apply for a loan.

I have a question specifically related to how a lender would view seller financed homes. I believe I am on title with the seller for both properties. I have lease agreements for all the properties and they are all cash flow positive but I am worried that a lender would not look favorably on the complex situation with my seller financed homes as they are not outright mine on the deed etc.... Has anyone had any experience with this or have any information or advice they can share?

I really do not want to sell these properties but I will if I am unable to obtain a conventional loan with them in my portfolio.

Thanks so much in advance.

David